Mirroring weak cues from the overseas markets, the Sensex opened with a negative gap of 215 points at 10,765. The index thereafter tried to recover but slipped to lower levels after the Reserve Bank of India (RBI) announced its annual credit policy.
The RBI today announced a 25 basis points cut in repo and reverse repo rates. The central bank kep Cash Reserve Ratio (CRR) unchanged at 5%.
However, the index recovered smartly and rebounded into the positive zone on the back of fresh buying in select index heavyweights. The index touched a high of 11,069 - up 304 points from the day's open.
The Sensex finally ended with a loss of 70 points at 10,910.
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